Archive for the ‘Randómia’ Category

Here is a great follow up on the video I posted earlier. He talks about taking a long term, balanced approach to solving the wealth inequality problem. Interesting read. Below are the key points in case you don’t want to read the whole thing.

“A lot of that wealth inequality is actually age, not class. Young people tend to have a lot of debt and not much savings, meaning they have negative wealth.

“Giving the poor and middle-class more income will boost the amount they are able to save, the percentage they are willing to save, and the return they get on those savings. Part of the reason America’s wealth distribution is so unequal in the first place is that our income distribution is very unequal.

“The most potent way to get more wealth to the poor and middle-class is to get these people to save more of their income, and to invest in assets with higher average rates of return.

“‘Cheap’ is an insult, but being cheap is how you get rich. If you consume everything you earn, your consumption will be higher today, but lower twenty years down the road; in our consumption-focused society, a lot of people are caught in this trap.

Here is a great follow up on the video I posted earlier. He talks about taking a long term, balanced approach to solving the wealth inequality problem. Interesting read. Below are the key points in case you don’t want to read the whole thing.

“A lot of that wealth inequality is actually age, not class. Young people tend to have a lot of debt and not much savings, meaning they have negative wealth.

“Giving the poor and middle-class more income will boost the amount they are able to save, the percentage they are willing to save, and the return they get on those savings. Part of the reason America’s wealth distribution is so unequal in the first place is that our income distribution is very unequal.

“The most potent way to get more wealth to the poor and middle-class is to get these people to save more of their income, and to invest in assets with higher average rates of return.

“‘Cheap’ is an insult, but being cheap is how you get rich. If you consume everything you earn, your consumption will be higher today, but lower twenty years down the road; in our consumption-focused society, a lot of people are caught in this trap.

Once again it’s up to the public to defend ourselves. Despite all the security theater the best defense in the age of terrorism is brave citizens. All the security theater of the TSA won’t help in the end if someone is serious about causing trouble.

The best security enhancement resulting from 9-11? Locks on cockpit doors.

A male flight attendant tackled Almurisi, and other crew members and passengers, including a retired Secret Service agent and a retired San Mateo police officer, helped subdue him as he banged on the door, police said.

Once again it’s up to the public to defend ourselves. Despite all the security theater the best defense in the age of terrorism is brave citizens. All the security theater of the TSA won’t help in the end if someone is serious about causing trouble.

The best security enhancement resulting from 9-11? Locks on cockpit doors.

A male flight attendant tackled Almurisi, and other crew members and passengers, including a retired Secret Service agent and a retired San Mateo police officer, helped subdue him as he banged on the door, police said.

“In a 42-page ruling, U.S. District Judge Henry E. Hudson said the law’s requirement that most Americans carry insurance or pay a penalty ‘exceeds the constitutional boundaries of congressional power.’”